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EPURA RESOLUTION 395
00ESTESPARKURBANRENEWALAUTHORITYRESOLUTIONNO.395ARESOLUTIONOFlifEESTESPARKURBANRENEWALAUTHORITYAUTHORIZINGTRANSFEROFASSESTS,RIGHTS,ANDLIABILITIESTOTHETOWNOFESTESPARKWHEREAS,byOrdinanceNo.04-10,adoptedbytheBoardofTrusteesoftheTownofEstesPark,Colorado(the“Town”),onJanuary26,2010,theEstesParkUrbanRenewalAuthority(“EPURA”)istobeabolishedeffectiveasofJuly26,2010(the“EffectiveDate”),consistentwiththerequirementsofapplicableColoradostatutes;andWHEREAS,Section31-25-115(2)oftheColoradoRevisedStatutesauthorizesamunicipalitytoabolishanurbanrenewalauthority,providedadequatearrangementshavebeenmadeforpaymentofanyoutstandingindebtednessandotherobligationsofsuchauthority;andWHEREAS,theTownandEPURAhavebeencooperatingintheorderlywindingupoftheaffairsofEPURA,including,withoutlimitation,theGrandstandProjectatStanleyParkandtheFacadeProgram;andWHEREAS,asoftheEffectiveDate,itisnecessaryandinthepublicinteresttoauthorizetheassignmentandtransferofalloftheassets,rights,obligations,andliabilitiesofanykindandnatureofEPURAtotheTown;NOW,THEREFORE,BEITAUTHORIZEDBYTHECOMMISSIONERSOFTHEESTESPARKURBANRENEWALAUTHORITY,THAT:Section1.EffectiveasofJuly26,2010,consistentwithitsrights,duties,powers,purposes,andfunctions,EPURAherebyassignsandtransferstotheTownofEstesPark(1)allofitsproperty,realandpersonalofanykindandnaturewhatsoever;(2)anyandalllawfulcontracts,contractrights,duties,andobligationsofanykindandnature,including,withoutlimitation,allrights,claims,andwarrantiesofanykindandnatureastheyexistontheEffectiveDateandthatmayariseatanytimeaftertheEffectiveDate;(3)alllegalandequitablerights,defenses,claims,andcounterclaims,legalorequitable,ofanykindandnaturewhatsoeverexistingasoftheEffectiveDateandthatmayariseatanytimeaftertheEffectiveDate;and(4)totheextentpermittedbylaw,anyandallrightstoreceive,collectandapplytoanylawfulpurpose,anyrevenueallocatedtoEPURApursuanttoSection31-25-107(9),C.R.S.Section2.TheChairmanisauthorizedtoexecuteanydocumentoragreementrequiredtoeffectuatetheassignmentsandtransfersauthorizedinthisresolutionoranyotherdocumentsofanykindornaturerequiredbylawinconnectionwiththeabolishmentofEPURA.IntheabsenceorunavailabilityoftheChairmanforanyreason,anyotherofficeror commissionerofEPURA,includingtheExecutiveDirector,isauthorizedtoactinplaceoftheChairman.Section3.TheChairmanoranyotherpersonauthorizedtoactinplaceoftheChairmanunderSection2,isauthorized,butnotrequired,toconsultwithlegalcounsel,includingtheTownAttorney,astoanyactionrequiredorauthorizedhereunder,andmayrelyuponanyadviceorcounselprovidedbysuchcounsel.Section4.Notwithstandinganylanguageinthisresolutionorinanydocumentoragreementexecutedpursuanthereto,nocommissioner,officer,attorneyoragentofEPURAortrustee,officer,attorneyoragentoftheTownshallbepersonallyliableorsubjecttoanyclaimofliabilityofanykindornaturearisingunderthecontracts,obligations,operations,activities,orundertakingsofanykindornatureofEPURAorabolishmentofEPURA.Nothinghereinshallbedeemedtobeawaiverofanyright,defense,offset,immunityorclaimofanykindornature,legalorequitable,availabletoEPURA,theTown,orthepersonslistedinthisSection4.ADOPTEDANDAPPROVEDTHISf(oDAYOFjUt€j,2010.ESTESPARKURBANRENEWALAUTHORITYAttest:By:______________________________Chaitmii’Secretary